Qurate Retail Inc Series A (NASDAQ:QRTEA) announced its quarterly earnings results on Friday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04, Briefing.com reports. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.19 billion. The firm’s revenue for the quarter was up 35.7% on a year-over-year basis.

Shares of NASDAQ:QRTEA opened at $24.52 on Friday. Qurate Retail Inc Series A has a one year low of $20.00 and a one year high of $29.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57. The stock has a market capitalization of $11.08 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. ValuEngine raised shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Citigroup boosted their price target on shares of Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 17th. Finally, Aegis reissued a “buy” rating and issued a $30.00 price target on shares of Qurate Retail Inc Series A in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.60.

In other Qurate Retail Inc Series A news, CEO Michael A. George bought 220,600 shares of Qurate Retail Inc Series A stock in a transaction dated Thursday, August 30th. The stock was acquired at an average cost of $20.40 per share, with a total value of $4,500,240.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total transaction of $2,702,756.70. The disclosure for this sale can be found here. 0.01% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Gabelli Funds LLC purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at about $26,654,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Qurate Retail Inc Series A in the second quarter valued at about $248,000. Renaissance Technologies LLC purchased a new position in Qurate Retail Inc Series A during the second quarter worth about $21,888,000. Andra AP fonden raised its holdings in Qurate Retail Inc Series A by 1.2% during the second quarter. Andra AP fonden now owns 270,300 shares of the company’s stock worth $5,736,000 after purchasing an additional 3,200 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Qurate Retail Inc Series A by 204.4% during the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock worth $133,000 after purchasing an additional 4,016 shares in the last quarter. 84.95% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Qurate Retail Inc Series A (QRTEA) Releases Earnings Results, Beats Estimates By $0.04 EPS” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2018/11/10/qurate-retail-inc-series-a-qrtea-releases-earnings-results-beats-estimates-by-0-04-eps.html.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

Read More: Leveraged Buyout (LBO)

Earnings History for Qurate Retail Inc Series A (NASDAQ:QRTEA)

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.